[SMM thread weekly carding] the trend rising pattern has not been completed, and the spot price still has the risk of callback in the short term.

China's refined zinc output stood at 458,400 mt in February, down 59,200 mt or 11.43% MoM and 2.72% YoY.

China produced 2.95 million mt of aluminium in February (28 days), down 2.35% on the year. The daily output averaged 105,000 mt, up 1,900 mt/day on the month.

Domestic copper cathode output in February stood at 835,700 mt, up 2.1% month-on-month (MoM) and 1.7% year-on-year (YoY).

China’s output of praseodymium-neodymium (PrNd) oxide in February 2022 stood at 6,094 mt, down 2.5% from a year earlier with ion-absorbed iron separation companies in Sichuang, Jiangus, Guangdong and Guangxi contributing most of the increment, while those in Jiangxi saw output cuts.

The nickel ore inventory at Chinese ports dipped 142,000 wmt from a week earlier to 8.45 million wmt as of January 21.

SMM data showed that China's social inventories of aluminium across eight consumption areas dropped 23,000 mt on the week to 776,000 mt as of January 6.

The crude steel output across key steel mills in China stood at 18.90 million mt during mid-December, according to the China Iron and Steel Association (CISA).

China's refined tin output stood at 8,162 mt in November, up 3.38% from October. The average capacity utilisation rate was 82.03%, up 2.68 percentage points.

China’s copper cathode output stood at 825,900 mt in November, up 4.6% month on month and 0.5% year on year

This is a roundup of China's metals weekly inventory as of December 3.